By Dr Margarita M. Balmaceda, Kevin Rosner
Belarus is determined by Russia for roughly eighty five% of its overall power wishes, whereas Russia wishes Belarus' oil and gasoline pipelines to export its offers to Western Europe. How will power exports from Russia and Belarus' transit services influence Western Europe if this interdependent courting ends, both via political alterations in Belarus or if Russia ends its power subsidies to Belarus? This record appears at transit, infrastructure and funding concerns and analyzes either the country of the present infrastructure, in addition to the chances this transit opens to Western traders, rather because the Yamal Pipeline nears final touch. additionally, it seems on the present clash among Belarus and Russian traders for regulate of the country's fuel transit approach and oil refineries. a part of the Russian overseas power coverage document sequence.
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Extra resources for Belarus: Oil, Gas, Transit Pipelines and Russian Foreign Energy Policy
1 per cent of the shares are held by Beltransgaz’s workers. In September 2005, the Belarusian government unveiled an initiative to buy these shares, so as to make it easier for a parity solution to be found. 100 See Tatiana Manenok, ‘Ves’ paket – v odni ruki’ (‘The whole package in single hands’), Belarusi i Rynok, 38 (673), 3 October 2005. shtml A copy of the agreement was not available at the time of this writing. 102 The Druzhba-Adria project initiated by Russia’s Transneft involves coordination between Russia, Belarus, Poland, Slovakia, Hungary and Croatia for the transit of Russian oil to the Croatian port of Omisalj.
41 Belarus 103 See ‘Ravnenie na Belarus’ (‘Comparison with Belarus’), Oil Market Weekly, 9 September 2002 (via ISI). 104 Tatiana Manenok, ‘Spor esche ne zaverschen’ (‘The disagreement has not ended yet’), Belorusskii Rynok, 9 (644), 7–14 March 2005. 105 Tatiana Manenok, ‘Spor isscherpan’ (‘The disagreement is over’), Belorusskii Rynok, 42 (626), 25 October 2004. ’ (‘The alliance between LUKoil and Slavneft: no comment’), p 13, Belorusskaya Gazeta, 18 January 1999. 107 With this new system after October 1998, the supply of oil to Belarus increased significantly; however, this has not meant that more fuel has become available for domestic sales, as most is immediately exported.
95 per cent of shares in Slavneft, including daughter companies such as the Mozyr refinery. 5 per cent of the company’s shares), with the expected result that the refinery’s profit could be increased by $10m a year113. Belneftekhim’s response was a counter-proposal to Slavneft, agreeing in principle, but setting very strict requirements. For example, concerning the level and type of investments that Slavneft would need to make in the refinery, as well as requirements concerning Slavneft’s responsibility for returning certain credits to the Belarusian government, the level of guaranteed oil supplies, lower price supplies to the agricultural sector, and an increase in social guarantees to workers in the company114.